By Christopher Bean, Research Associate, U K Defence Forum
Previous attempts to mitigate financial risk
Defence PFI/PPP and prime contractorships were introduced into the UK almost concurrently between 1990 and 1992 respectively. Why were they being introduced? The answer is not as simple as just finance and the ability to provide long term structures (which incidentally introduced new risks), but primarily to try and remove the risk that had been borne by government and its departments of state which had proved themselves inadequate to the task of procuring complex technical











